May 20, 2003 letter commenting on the Institute of Internal Auditor's January 15, 2003, exposure draft of Standards for the Professional Practice of Internal Auditing

This letter provides the U.S. General Accounting Offices (GAO) input on the Institute of Internal Auditors' (IIA) January 15, 2003, exposure draft containing proposed new and amended standards for internal auditors. We compliment the IIA's efforts to enhance the guidance and clarity of the professional standards, and we believe that the IIA proposals to strengthen the standards in the areas of information technology and governance are especially important.